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WCI #309: Taxes

White Coat Investor Podcast

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The Pro-Rata Rule for Stocks

In order to get those great long-term returns, you have to tolerate a lot of volatility along the way. And what stocks do is lose money every third year. It's not unusual for stocks to drop 50% in value. That can be pretty much impossible to recover from. You've got to understand what stocks are and invest in them appropriately with long-term money.

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